Which stocks are most correlated with SLNHP?

Based on one year of daily returns, the stocks most correlated with Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) are SLNH (0.40), APLM (0.34) and FLUX (0.32). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with SLNHP?

Over the past year, the stocks most inversely correlated with Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) are BNGO (-0.27), YDKG (-0.24) and PXLW (-0.22). A negative correlation means the two stocks have tended to move in opposite directions.

Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) — Stock Correlations & Overview

Over the past year, SLNHP has moved most closely with SLNH, APLM, FLUX. Explore the stocks most correlated and inversely correlated with SLNHP below, along with its price, financials, and company profile.

Stocks correlated with SLNHP

Correlation of daily returns. Higher positive values move with SLNHP; negative values move opposite it. Informational only, not investment advice.

Most correlated with SLNHP

Symbol	Company	Correlation
SLNH	Soluna Holdings, Inc. Common StockFINANCE SERVICES	0.40
APLM	Apollomics Inc. Class A Ordinary Shares	0.34
FLUX	Flux Power Holdings, Inc. Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	0.32
EDUC	Educational Development CorpWHOLESALE-MISCELLANEOUS NONDURABLE GOODS	0.30
RLJpA	RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred SharesREAL ESTATE INVESTMENT TRUSTS	0.29

Most inversely correlated with SLNHP

Symbol	Company	Correlation
BNGO	Bionano Genomics, Inc. Common StockLABORATORY ANALYTICAL INSTRUMENTS	-0.27
YDKG	Yueda Digital Holding Class A Ordinary Share	-0.24
PXLW	Pixelworks IncSERVICES-PREPACKAGED SOFTWARE	-0.22
TSLQ	Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF	-0.20
UUP	Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS	-0.20

Frequently asked questions about SLNHP correlations

Which stocks are most correlated with SLNHP?: Based on one year of daily returns, the stocks most correlated with Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) are SLNH (0.40), APLM (0.34) and FLUX (0.32). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with SLNHP?: Over the past year, the stocks most inversely correlated with Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) are BNGO (-0.27), YDKG (-0.24) and PXLW (-0.22). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these SLNHP correlations calculated?: We compute the correlation of daily returns between SLNHP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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